- October 25, 2018
- By concord
- In Blog
- Tags Car Warranty
The word “car warranty” & “car insurance” brings this one word to mind i.e protection. Given that definition, you should not be thinking that warranty and insurance are the same. However, those two advocate distinctive characteristics as far as consumer protection is concerned with regards to their respective coverages. As a matter of course, you must avoid confusing between the two concepts.
You can easily differentiate car warranty & car insurance respectively through these two concepts: car parts & Accidents. Car warranty offers protection in the event when any of your car’s components fail without any fault from your end whereas car insurance shields you from any unwanted one-time costs arising from accidents. Here we will discuss a comparative approach to distinguish between the two tools.
Car Warranty: On Circumstances Beyond Your Control
Unexpected failures in your vehicle tend to be the most frustrating ones. When things are beyond your control & you end up making your position more unstable than you would want it to be, you are almost left with no other choice but to wallow in desperation. An “auto warranty” thus serves as a safety net against those circumstances. Standard coverage for vehicular damage caused by defective car parts – in the absence of any external force, of course, merits the advantage of a car warranty. Also, with an extended warranty, you are able to get discounted repairs, which is better than paying the full price. Less money will be spent means that you won’t lose your mind when you get the bill.
Car Insurance: Anticipating the Unknown
From a road mishap to damage from natural disasters, your vehicle confronts several chances of encountering accidents. That ought to leave you with no room for complacency, given that one-time payments for repair & replacements can derail your budget in the long run.
Through reasonable payment terms for premiums, car insurance affords you with sufficient coverage that allows you and your car to recover as you claim what is due to you. Compared to shelling out money for expensive repairs, car insurance provides you with the convenience of having your insured car taken care of by your insurance provider, particularly in cases where your insurance package involves a specific service center.